Troef

Active Public limited companyfounded 1980active for 45 yearsGentsesteenweg 42, 9800 DeinzeKBO/BCE: BE 0421.093.133 subsidiary of MORUS ALBA#6 company by equity in Deinze, Wholesale and retail trade sector

Part of the group MORUS ALBA 9 companies

See the group

Troef

Financial year 2025

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Annual accounts 2025

full format, filed on 07-07-2026, 24 days before the deadline

€29.3m

▲ 4.9%

€684,922

▼ 15.0%

€1.3m

▼ 7.7%

€1.3m

▲ 1.5%

51.1%

▲ 9.4 percentage points

0.78

▼ 0.21

In the rankings #6 company by equity in Deinze, Wholesale and retail trade sector #10 company by total assets in Deinze, Wholesale and retail trade sector

Money flows

of every €100 of turnover, €2.24 remains as profit in 2025

Balance sheet

balance sheet total €17.2m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

51.1%

Higher than 66% of 5,061 companies in 2025.

0.78

Higher than 15% of 4,987 companies in 2025.

3.8%

Higher than 54% of 5,031 companies in 2025.

Troef Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter

Staff

Men and women42% women

17.7 men and 12.9 women in full-time equivalents in 2025.

€49,568

Men €52,770, women €45,174 per full-time equivalent. Jobs differ, so this is not a pay gap.

level

contracts started contracts ended

In 2025, 99 people joined and 99 left. Agency workers: 5.1 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	17.2m	19.5m	19.4m	20.0m	20.0m	14.6m	14.0m	10.7m	9.5m	9.4m	8.4m	8.4m	7.7m	7.8m	7.5m	7.4m	7.2m	7.6m	7.9m	4.5m
`21/28`	13.3m	13.6m	14.1m	15.3m	13.0m	10.8m	10.1m	4.8m	4.7m	5.0m	3.6m	3.8m	3.8m	3.8m	3.3m	3.7m	3.6m	3.4m	3.5m	3.6m
`21`	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	-
`22/27`	13.3m	13.6m	14.1m	15.3m	13.0m	10.8m	10.1m	4.8m	4.7m	5.0m	3.6m	3.8m	3.8m	3.7m	3.3m	3.7m	3.6m	3.3m	3.5m	3.6m
`22`	12.8m	13.4m	13.9m	15.2m	12.9m	10.7m	8.5m	4.7m	4.6m	4.8m	3.4m	3.6m	3.6m	3.6m	3.2m	3.6m	3.5m	3.2m	3.3m	3.5m
`23`	46,629	79,488	83,169	6,586	30,673	29,658	42,612	24,431	21,358	34,978	53,268	64,598	81,394	64,960	31,361	30,221	42,041	65,553	37,973	-
`24`	165,187	78,867	114,888	89,458	87,909	97,312	70,788	97,049	116,275	138,541	115,554	165,684	181,952	100,624	79,044	85,841	95,355	114,077	150,324	68,819
`26`	-	-	-	-	-	-	1.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`27`	209,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201
`284/8`	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	-	-
`285/8`	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	201	-	-
`29/58`	3.9m	5.9m	5.3m	4.7m	7.0m	3.8m	3.9m	5.8m	4.8m	4.4m	4.8m	4.6m	3.9m	4.0m	4.1m	3.7m	3.5m	4.2m	4.4m	886,500
`3`	2.3m	2.4m	2.5m	2.7m	2.2m	1.6m	1.8m	1.9m	2.1m	2.1m	1.9m	2.1m	2.0m	2.0m	2.1m	2.1m	2.1m	2.2m	2.0m	-
`30/36`	2.3m	2.4m	2.5m	2.7m	2.2m	1.6m	1.8m	1.9m	2.1m	2.1m	1.9m	2.1m	2.0m	2.0m	2.1m	2.1m	2.1m	2.2m	2.0m	-
`34`	2.2m	2.4m	2.5m	2.7m	2.2m	1.6m	1.8m	1.9m	2.1m	2.1m	1.9m	2.1m	2.0m	2.0m	2.1m	2.1m	2.1m	2.2m	-	-
`36`	158,632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	1.1m	993,520	1.2m	907,453	1.2m	910,518	919,755	1.3m	1.3m	744,537	485,613	593,615	578,575	455,326	522,543	592,586	719,896	996,559	566,301	636,569
`40`	793,527	738,098	1.0m	749,124	1.1m	759,528	622,960	967,395	993,630	484,135	332,078	344,453	375,321	263,859	329,527	392,497	434,514	550,144	313,742	267,963
`41`	312,123	255,422	183,581	158,329	160,362	150,990	296,796	285,989	273,151	260,402	153,535	249,161	203,255	191,467	193,016	200,089	285,382	446,416	252,560	368,606
`50/53`	0	751,822	806,189	-	-	-	-	-	4	4	4	-	300,000	-	-	-	-	-	-	-
`51/53`	0	751,822	806,189	-	-	-	-	-	4	4	4	-	300,000	-	-	-	-	-	-	-
`54/58`	416,960	1.7m	796,708	1.1m	3.5m	1.2m	1.2m	2.7m	1.4m	1.5m	2.4m	1.9m	1.0m	1.5m	1.5m	1.0m	704,493	1.0m	1.8m	245,618
`490/1`	29,685	37,903	31,968	25,364	28,230	28,528	13,098	16,156	8,340	29,513	12,315	14,941	11,549	22,857	26,912	18,658	26,061	43,186	59,235	4,313
Balance sheet: equity and liabilities
`10/49`	17.2m	19.5m	19.4m	20.0m	20.0m	14.6m	14.0m	10.7m	9.5m	9.4m	8.4m	8.4m	7.7m	7.8m	7.5m	7.4m	7.2m	7.6m	7.9m	4.5m
`10/15`	8.8m	8.1m	7.5m	7.5m	7.2m	7.6m	7.5m	7.1m	6.8m	6.2m	5.6m	4.9m	4.2m	3.7m	3.1m	2.4m	2.0m	1.3m	637,243	160,859
`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
`10`	61,500	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
`13`	8.7m	8.1m	7.4m	7.5m	7.1m	7.5m	7.5m	7.0m	6.7m	6.2m	5.5m	4.8m	4.1m	3.6m	3.0m	2.3m	1.9m	1.3m	575,743	99,359
`130/1`	6,150	6,150	6,150	6,150	6,150	6,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150	6,150
`132`	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	-	-	-	-	-	-	18,750
`133`	8.7m	8.0m	7.4m	7.5m	7.1m	7.5m	7.5m	7.0m	6.7m	6.2m	5.5m	4.8m	4.1m	3.6m	3.0m	2.3m	1.9m	1.3m	569,593	74,459
`17/49`	8.4m	11.4m	12.0m	12.5m	12.8m	7.1m	6.5m	3.6m	2.7m	3.2m	2.8m	3.6m	3.6m	4.1m	4.4m	5.1m	5.2m	6.2m	7.3m	4.3m
`17`	3.4m	5.3m	6.3m	7.9m	8.3m	2.8m	3.0m	120,000	120,000	120,000	395,000	670,000	945,000	1.2m	1.5m	2.2m	2.4m	2.8m	3.1m	3.3m
`170/4`	3.4m	5.3m	6.3m	7.9m	8.3m	2.8m	3.0m	120,000	120,000	120,000	395,000	670,000	945,000	1.2m	1.5m	2.2m	2.4m	2.8m	603,000	500,000
`170`	360,000	360,000	360,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000	500,000	500,000	500,000	-	-
`174`	3.0m	5.0m	6.0m	7.7m	8.2m	2.7m	2.9m	-	-	-	275,000	550,000	825,000	1.1m	1.4m	1.7m	1.9m	2.3m	-	-
`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.5m	2.8m
`42/48`	5.0m	6.0m	5.6m	4.6m	4.4m	4.2m	3.5m	3.4m	2.6m	3.0m	2.4m	2.9m	2.6m	2.8m	2.8m	2.8m	2.6m	3.3m	4.1m	1.0m
`42`	200,000	633,333	1.7m	483,333	483,333	150,000	150,000	-	-	275,000	275,000	275,000	275,000	275,000	275,000	275,000	275,000	-	275,000	-
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	540,000
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	540,000
`44`	3.0m	3.5m	2.4m	2.8m	2.4m	2.5m	2.3m	2.4m	1.6m	1.7m	1.2m	1.6m	1.5m	1.8m	1.7m	1.8m	1.7m	2.6m	3.0m	227,160
`440/4`	3.0m	3.5m	2.4m	2.8m	2.4m	2.5m	2.3m	2.4m	1.6m	1.7m	1.2m	1.6m	1.5m	1.8m	1.7m	1.8m	1.7m	2.6m	3.0m	227,160
`46`	1.2m	1.2m	1.0m	869,656	1.0m	949,513	603,694	583,050	510,222	451,730	426,840	398,744	359,145	336,881	311,185	347,132	329,457	392,160	372,368	-
`45`	590,619	602,122	411,587	471,133	489,743	619,276	390,182	426,340	403,704	503,637	472,696	502,483	351,622	297,553	470,786	295,155	286,545	224,972	334,134	174,832
`450/3`	325,785	351,347	173,155	290,904	179,663	352,907	68,781	149,954	156,962	152,170	180,329	214,064	77,342	49,654	144,885	45,045	43,558	8,329	105,577	-
`454/9`	264,834	250,774	238,431	180,229	310,081	266,369	321,401	276,386	246,741	351,468	292,367	288,419	274,281	247,898	325,901	250,110	242,987	216,643	228,557	174,832
`47/48`	-	-	-	-	0	420	6,914	75,658	80,629	67,363	53,987	43,306	77,058	67,773	-	59,835	56,905	57,583	52,290	99,000
`492/3`	28,501	66,771	59,718	53,814	56,700	27,302	32,435	9,758	9,921	18,530	31,762	41,749	53,694	63,972	68,490	109,582	127,652	134,148	139,082	5,195
Income statement
`70/76A`	29.7m	28.3m	28.6m	27.3m	26.4m	24.0m	25.3m	24.3m	23.7m	23.1m	22.7m	22.1m	20.9m	21.2m	21.6m	20.5m	20.0m	20.0m	-	-
`70`	29.3m	27.9m	28.2m	26.4m	26.0m	23.5m	25.0m	24.0m	23.5m	23.0m	22.5m	22.0m	20.8m	21.1m	21.5m	20.4m	19.9m	20.0m	-	-
`74`	349,755	309,230	297,361	387,186	381,296	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	31,350	25,054	33,220	573,972	24,773	14,355	12,770	10,477	8,317	6,425	8,066	5,984	12,352	6,305	4,860	4,105	6,103	6,576	2,931	8
`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.5m	1.4m
`60/66A`	29.0m	27.4m	28.7m	26.9m	26.9m	24.1m	24.8m	24.0m	23.0m	22.2m	21.8m	21.3m	20.3m	20.4m	20.4m	20.0m	19.0m	19.0m	-	-
`60`	23.6m	22.7m	23.1m	22.0m	20.7m	18.1m	19.7m	19.0m	18.6m	18.1m	17.9m	17.1m	16.3m	16.7m	16.6m	16.1m	15.6m	15.5m	-	-
`600/8`	23.6m	22.6m	22.9m	22.5m	21.2m	17.9m	19.6m	18.8m	18.6m	18.3m	17.7m	17.2m	16.3m	16.7m	16.6m	16.1m	15.5m	15.7m	-	-
`609`	36,160	89,140	205,083	-493,842	-566,114	139,813	112,205	220,466	17,653	-167,974	170,154	-154,541	34,094	63,847	24,435	6,424	64,193	-180,827	-	-
`61`	3.0m	2.6m	2.7m	2.6m	2.9m	2.4m	2.7m	3.0m	2.2m	2.0m	1.9m	2.2m	2.1m	1.8m	1.9m	2.0m	1.7m	1.7m	-	-
`62`	1.5m	1.4m	1.4m	1.4m	2.0m	2.0m	2.0m	1.7m	1.7m	1.7m	1.7m	1.6m	1.6m	1.6m	1.5m	1.5m	1.5m	1.5m	1.4m	1.3m
`630`	626,697	614,590	621,970	647,408	448,746	333,293	312,881	286,995	303,833	285,440	263,266	258,125	248,344	221,811	232,261	279,693	249,822	242,685	237,916	17,205
`631/4`	-	-	0	-701	-492	-	-	66	-1,538	-5,299	-413	3,843	474	2,326	2,733	-172	532	-	-	-
`640/8`	126,131	106,837	93,657	113,047	132,734	103,026	84,523	70,900	64,083	58,394	48,946	68,596	37,683	35,600	34,092	31,685	30,712	31,815	40,690	2,230
`66A`	84,404	0	857,046	133,998	643,872	1.3m	9,436	5,867	3,567	24,108	130	982	3,225	1,498	267,351	7,105	3,358	1,331	149	124
`9901`	684,922	806,061	-154,131	398,286	-509,581	-107,151	482,880	345,634	713,102	893,193	893,456	887,418	644,977	751,075	1.2m	480,170	969,578	1.0m	764,775	78,227
`75/76B`	299,366	282,009	306,356	266,159	257,568	230,539	233,055	218,226	224,581	232,903	237,545	229,672	231,367	236,538	249,615	227,768	228,976	245,710	174,274	3,800
`75`	299,366	282,009	306,356	266,159	257,568	230,539	233,055	218,226	224,581	232,903	237,545	229,672	231,367	236,538	249,615	227,768	228,976	245,710	174,274	3,800
`751`	20,951	24,836	9,188	-	-	-	1,654	764	374	2,331	4,685	2,759	5,106	4,737	6,369	2,387	4,435	29,673	-	-
`752/9`	278,415	257,173	297,168	266,159	257,568	230,539	231,402	217,461	224,206	230,572	232,860	226,912	226,261	231,800	243,247	225,381	224,542	216,036	-	-
`65/66B`	172,979	207,572	206,892	206,720	112,853	83,360	43,380	16,583	17,609	29,993	40,774	53,724	73,316	77,570	111,423	123,605	141,703	145,685	147,771	6,376
`65`	172,979	207,572	206,892	206,720	112,853	83,360	43,380	16,583	17,609	29,993	40,774	53,724	73,316	77,570	111,423	123,605	141,703	145,685	147,771	6,376
`650`	156,236	192,939	193,233	194,142	101,319	73,278	33,137	8,318	9,354	22,334	33,008	45,777	61,827	70,143	105,006	117,676	135,186	139,944	-	-
`652/9`	16,744	14,633	13,659	12,578	11,534	10,082	10,243	8,265	8,255	7,659	7,766	7,947	11,489	7,426	6,417	5,929	6,517	5,741	-	-
`9903`	811,309	880,498	-54,667	457,726	-364,865	40,028	672,555	547,276	920,074	1.1m	1.1m	1.1m	812,156	914,850	1.1m	581,333	1.1m	1.1m	794,060	75,536
`67/77`	154,135	230,706	175	120,795	330	21,843	214,751	157,574	300,301	349,084	347,961	329,329	229,834	273,202	356,343	167,724	339,880	385,213	265,387	29,220
`670/3`	154,135	230,706	175	120,795	330	21,843	214,751	157,574	300,301	349,084	347,961	329,329	229,834	273,202	356,343	167,724	339,880	385,213	-	-
`9904`	657,174	649,793	-54,842	336,931	-365,195	18,185	457,803	389,702	619,773	747,018	750,202	739,039	582,321	641,648	731,147	413,609	719,716	757,014	528,674	46,316
`689`	-	-	-	-	-	-	-	-	-	-	-	-	9,000	-	-	-	-	-	-	18,750
`9905`	657,174	649,793	-54,842	336,931	-365,195	18,185	457,803	389,702	619,773	747,018	750,202	739,039	573,321	641,648	731,147	413,609	719,716	757,014	528,674	27,566
Appropriation of the result
`9906`	657,174	649,793	-54,842	336,931	-365,195	18,185	457,803	389,702	619,773	747,018	750,202	739,039	573,321	641,648	731,147	413,609	719,716	757,014	528,674	27,566
`791/2`	-	0	54,842	0	365,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`792`	-	0	54,842	0	365,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	657,174	649,793	0	336,931	0	17,765	450,889	314,044	539,143	679,655	696,215	695,733	496,263	573,876	731,147	353,774	663,447	699,431	476,384	27,566
`6921`	657,174	649,793	0	336,931	0	17,765	450,889	314,044	539,143	679,655	696,215	695,733	496,263	573,876	731,147	353,774	663,447	699,431	476,384	27,566
`694/7`	-	-	-	-	0	420	6,914	75,658	80,629	67,363	53,987	43,306	77,058	67,773	-	59,835	56,269	57,583	52,290	-
`695`	-	-	-	-	0	420	6,914	75,658	80,629	67,363	53,987	43,306	77,058	67,773	-	59,835	56,269	57,583	52,290	-
Social balance sheet
`9087`	30.6	27.1	29	28.9	45	44.1	43.3	37	36.9	38.6	39.2	38.8	39.6	38.2	37.2	36.7	37.8	39.5	37.2	35.6
Men (FTE)`1003`	17.7	14.4	15.5	15.7	29	29.4	28.9	23.9	24.2	24.8	25.5	24.6	25.6	24.9	-	-	-	-	-	-
Women (FTE)`1003`	12.9	12.7	13.5	13.2	16	14.7	14.4	13.1	12.7	13.8	13.7	14.2	14	13.3	-	-	-	-	-	-
Agency workers`1501`	5.1	4.4	4.3	2.6	4.7	4.6	5	8.8	4.2	2	2.7	3.1	2.7	2.4	2.1	2.2	2.7	2.7	-	-
Hours worked`1013`	40,385	38,919	40,057	43,368	68,115	64,999	66,506	57,681	57,372	61,504	60,523	58,247	59,592	59,145	59,135	59,848	59,278	62,110	62,896	61,333
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 25 older financial years (1981-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 79 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	07-07-2026	2026-00262248	PDF
31-12-2024	full format	22-07-2025	2025-00293455	PDF
31-12-2023	full format	31-07-2024	2024-00315961	PDF
31-12-2022	full format	17-07-2023	2023-00243399	PDF
31-12-2021	full format	26-08-2022	2022-20332106	PDF
31-12-2020	full format	20-07-2021	2021-37100173	PDF
31-12-2019	full format	13-07-2020	2020-28800120	PDF
31-12-2018	full format	10-07-2019	2019-30600085	PDF
31-12-2017	full format	18-07-2018	2018-35800006	PDF
31-12-2016	full format	18-07-2017	2017-34000556	PDF
31-12-2015	full format	04-07-2016	2016-27700375	PDF
31-12-2014	full format	13-07-2015	2015-30500292	PDF
31-12-2013	full format	09-07-2014	2014-29700053	PDF
31-12-2012	full format	11-07-2013	2013-30500215	PDF
31-12-2011	full format	18-07-2012	2012-31500135	PDF
31-12-2010	full format	27-07-2011	2011-35700392	PDF
31-12-2009	full format	20-07-2010	2010-32300472	PDF
31-12-2008	full format	16-06-2009	2009-24400333	PDF
31-12-2007	abbreviated format	16-07-2008	2008-42500301	PDF
31-12-2006	abbreviated format	17-04-2007	2007-12000176	PDF
31-12-2005	abbreviated format	01-08-2006	2006-59501287	PDF
31-12-2004	abbreviated format	19-07-2005	2005-52102245	PDF
31-12-2003	abbreviated format	22-07-2004	2004-49205222	PDF
31-12-2002	abbreviated format	18-07-2003	2003-47501604	PDF
31-12-2001	abbreviated format	31-07-2002	2002-44605098	PDF
31-12-2000	abbreviated format	29-08-2001	2001-52704736	PDF
31-12-1999	abbreviated format	17-07-2000	2000-42800245	PDF
31-12-1998	abbreviated format	06-07-1999	1999-30602109	PDF
31-12-1997	abbreviated format	24-06-1998	1998-22003640	PDF
31-12-1996	abbreviated format	02-07-1997	1997-26105179	PDF
31-12-1995	abbreviated format	05-07-1996	1996-31802711	PDF
31-12-1994	abbreviated format	28-07-1995	1995-43200483	PDF
31-12-1993	abbreviated format	18-07-1994	1994-31000323	PDF
31-12-1992	abbreviated format	12-07-1993	1993-25404858	PDF
31-12-1991	abbreviated format	16-06-1992	1992-11402816	PDF
31-12-1990	abbreviated format	02-07-1991	1991-15201479	PDF
31-12-1989	abbreviated format	19-07-1990	1990-18305185	PDF
31-12-1988	abbreviated format	03-07-1989	1989-14303381	PDF
31-12-1987	abbreviated format	22-07-1988	1988-16603606	PDF
31-12-1986	abbreviated format	09-07-1987	1987-16203848	PDF
31-12-1985	abbreviated format	23-04-1986	1986-05200463	PDF
31-12-1984	full format	10-07-1985	1985-22501247	PDF
31-12-1983	unclassified schema	03-07-1984	1984-10001326	PDF
31-12-1982	unclassified schema	12-07-1983	1983-09202127	PDF
31-12-1981	unclassified schema	09-07-1982	1982-09001170	PDF

Subsidies and aid

Flemish government 2022 to 2025, 7 entries, €39,713 awarded, €39,713 paid

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

€31,256

Vlaams opleidingsverlof (VOV)

€8,457

Year	Entries	Awarded	Paid
2025	1	€4,652	€4,652
2024	2	€7,584	€7,584
2023	2	€14,555	€14,555
2022	2	€12,922	€12,922

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
1.3m	1.4m	467,839	1.0m	-60,835	226,143	795,761	632,629	1.0m	1.2m	1.2m	1.1m	893,321	972,886	1.4m	759,863	1.2m	1.3m	1.0m	95,433
1.3m	1.3m	567,127	984,339	83,551	351,478	770,685	676,697	923,606	1.0m	1.0m	997,164	830,665	863,459	963,408	693,302	969,538	999,699	766,589	63,521
372,269	110,779	294,580	2.6m	3.3m	4.3m	5.6m	412,951	34,714	1.7m	43,195	223,913	344,649	676,523	84,205	363,213	530,860	82,633	183,493	3.6m
-1.3m	908,549	-308,504	-2.4m	2.3m	21,599	-1.5m	1.3m	-123,974	-843,999	460,542	884,923	-503,212	-8,402	515,946	320,656	-309,967	-780,767	1.5m	-
-1.1m	-90,495	-242,754	129,028	2.6m	-411,804	463,553	2.4m	2.2m	1.4m	2.4m	1.8m	1.3m	1.2m	1.3m	895,119	915,664	917,751	338,202	-154,493
2.3%	2.9%	-0.5%	1.5%	-2.0%	-0.5%	1.9%	1.4%	3.0%	3.9%	4.0%	4.0%	3.1%	3.6%	5.6%	2.4%	4.9%	5.2%	-	-
51.1%	41.7%	38.4%	37.6%	36.0%	51.7%	53.9%	66.5%	71.4%	66.4%	66.2%	57.6%	53.9%	47.2%	41.4%	31.7%	27.9%	17.7%	8.1%	3.6%
0.78	0.98	0.96	1.03	1.58	0.90	1.13	1.69	1.85	1.46	1.99	1.62	1.52	1.42	1.48	1.32	1.35	1.28	1.08	0.85
0.31	0.58	0.51	0.44	1.09	0.52	0.62	1.15	1.04	0.76	1.19	0.88	0.75	0.71	0.75	0.58	0.55	0.62	0.60	0.85
0.96	1.40	1.60	1.66	1.78	0.93	0.86	0.50	0.40	0.51	0.51	0.74	0.85	1.12	1.41	2.16	2.59	4.66	11.41	26.71
7.5%	8.0%	-0.7%	4.5%	-5.1%	0.2%	6.1%	5.5%	9.1%	12.0%	13.5%	15.2%	14.0%	17.5%	23.7%	17.6%	36.0%	56.6%	83.0%	28.8%
3.8%	3.3%	-0.3%	1.7%	-1.8%	0.1%	3.3%	3.7%	6.5%	8.0%	8.9%	8.8%	7.5%	8.3%	9.8%	5.6%	10.0%	10.0%	6.7%	1.0%
8.40	7.36	2.42	5.39	-0.60	3.09	24.01	76.05	over 100	52.77	35.04	25.02	14.45	13.87	13.75	6.46	9.02	9.14	-	-
10 days	10 days	13 days	10 days	15 days	12 days	9 days	15 days	15 days	8 days	5 days	6 days	7 days	5 days	6 days	7 days	8 days	10 days	-	-
41 days	50 days	34 days	41 days	37 days	45 days	37 days	39 days	28 days	31 days	22 days	31 days	30 days	36 days	34 days	37 days	35 days	55 days	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Revenue breakdown

as filed

By activity 2025

verkopen handelsgoederen €29,285,104100.0%

Source: 2025 accounts, page 22, filing 2026-00262248

By geographic market 2020

verkopen België €23,479,333100.0%

Source: 2020 accounts, page 20, filing 2021-37100173

All years (2012 to 2025)

By activity

By activity	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
verkopen handelsgoederen	€21,064,505	€20,795,162	€22,010,705	€22,528,947	€23,009,348	€23,513,021	€23,969,399	€24,972,329	€23,479,333	€25,960,864	€26,373,042	-	€27,917,962	€29,285,104
Verkopen hendelsgoederen	-	-	-	-	-	-	-	-	-	-	-	€28,246,847	-	-
Total	€21,064,505	€20,795,162	€22,010,705	€22,528,947	€23,009,348	€23,513,021	€23,969,399	€24,972,329	€23,479,333	€25,960,864	€26,373,042	€28,246,847	€27,917,962	€29,285,104

By geographic market

By geographic market	2012	2013	2014	2015	2016	2017	2018	2019	2020
verkopen België	€21,064,505	€20,795,162	€22,010,705	€22,528,947	€23,009,348	€23,513,021	€23,969,399	€24,972,329	€23,479,333

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	31	28	31	32	46
full-time	26	24	24	24	34
part-time	5	4	7	8	12
in full-time equivalents	30.4	26.7	29.1	30.4	43.2
	30.6	27.1	29	28.9	45
On a permanent contract	28	28	30	30	45
Joined	99	131	280	298	295
Left	99	132	281	312	298
Agency workers, average number	5.1	4.4	4.3	2.6	4.7
Training hours	-	-	-	28	234

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€372,269	€110,779	€294,580	€2.6m	€3.3m
	€626,697	€614,590	€621,970	€647,408	€448,746

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is Moore Audit.

Item	2025	2024	2023	2022	2021
Fee for the audit	€10,170	€10,100	€9,825	€8,715	€7,950

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on Troef

The operating result for 2025 is 15% lower than in 2024.

Debt's share of the balance-sheet total falls from 58.3% to 48.9%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency51.1%

Current ratio0.78

Return on assets3.8%

Staff

Men and women42% women

Staff cost per FTE€49,568

Joined and leftlevel

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 7 entries, €39,713 awarded, €39,713 paid

Key figures and ratios

Revenue breakdown

By activity 2025

By geographic market 2020

By activity

By geographic market

Social balance sheet

Investments

Auditor

Insights on Troef

Next steps

in €m

in €m

51.1%

0.78

3.8%

€49,568

level